The Toronto-Dominion Bank (NYSE:TD) Stake Lessened by Main Line Retirement Advisors LLC

Main Line Retirement Advisors LLC lessened its stake in The Toronto-Dominion Bank (NYSE:TD) (TSE:TD) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,259 shares of the bank’s stock after selling 921 shares during the quarter. Toronto-Dominion Bank accounts for about 0.8% of Main Line Retirement Advisors LLC’s portfolio, making the stock its 18th largest position. Main Line Retirement Advisors LLC’s holdings in Toronto-Dominion Bank were worth $1,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TD. CWM LLC boosted its holdings in Toronto-Dominion Bank by 2.4% in the third quarter. CWM LLC now owns 7,208 shares of the bank’s stock worth $456,000 after purchasing an additional 170 shares during the period. Pathstone Holdings LLC boosted its holdings in Toronto-Dominion Bank by 0.8% in the third quarter. Pathstone Holdings LLC now owns 22,309 shares of the bank’s stock worth $1,411,000 after purchasing an additional 184 shares during the period. Passumpsic Savings Bank boosted its holdings in Toronto-Dominion Bank by 2.6% in the third quarter. Passumpsic Savings Bank now owns 7,530 shares of the bank’s stock worth $476,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc boosted its holdings in Toronto-Dominion Bank by 40.0% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the bank’s stock worth $37,000 after purchasing an additional 200 shares during the period. Finally, Hexagon Capital Partners LLC boosted its holdings in Toronto-Dominion Bank by 18.5% in the third quarter. Hexagon Capital Partners LLC now owns 1,337 shares of the bank’s stock worth $85,000 after purchasing an additional 209 shares during the period. Institutional investors own 52.37% of the company’s stock.

Toronto-Dominion Bank Stock Performance

TD stock opened at $57.33 on Monday. The company has a market capitalization of $100.35 billion, a P/E ratio of 16.53, a PEG ratio of 1.82 and a beta of 0.83. The company has a 50-day simple moving average of $54.57 and a 200 day simple moving average of $57.40. The Toronto-Dominion Bank has a fifty-two week low of $51.25 and a fifty-two week high of $64.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.11.

Toronto-Dominion Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be issued a $0.7482 dividend. The ex-dividend date is Friday, January 10th. This represents a $2.99 annualized dividend and a yield of 5.22%. This is an increase from Toronto-Dominion Bank’s previous quarterly dividend of $0.74. Toronto-Dominion Bank’s dividend payout ratio is presently 84.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Desjardins downgraded shares of Toronto-Dominion Bank from a “buy” rating to a “hold” rating in a report on Friday, December 6th. StockNews.com downgraded shares of Toronto-Dominion Bank from a “hold” rating to a “sell” rating in a report on Friday, December 27th. BMO Capital Markets raised shares of Toronto-Dominion Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, December 19th. Jefferies Financial Group raised shares of Toronto-Dominion Bank from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Finally, Bank of America raised shares of Toronto-Dominion Bank from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toronto-Dominion Bank has a consensus rating of “Hold” and a consensus target price of $80.50.

Toronto-Dominion Bank Company Profile

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.